Please read my latest post. If he has access to Neds STEEM and all of STINCs accounts, he can overthrow the witnesses. Not even accounting for his stake that he had before buying STINC.
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Sorry @ew-and-patterns. Your logic is flawed.
There is presently 210 million Steem powered up. According to your post, you are looking at about 71 million in Steem...thus he was need more than 105 million to vote in all he wanted undisturbed.
The reason why that total exceeds even Matts, is because the votes are spread out over 100 plus witnesses (plus people not voting). However, a consolidated effort for everyone to vote their stake for, say 10 witnesses, would interrupt his path to total control.
It is not easy but it can be done, especially if it is under threat.
Posted via Steemleo
I think that is not correct...
Each vote for a witness adds the amount of MVESTS the "voting account" has to that witness. If that would not be the case, stake based voting would be a joke here on steem.
The thing is, that steemits' stake has not voted for any witnesses yet. So if all three accounts vote for the same person, that gives any account with an active witness +118225 MVESTS.
So he can give his 30 witness votes to random accounts and they will all have
+118225 MVESTS.
I added up all top 50 witnesses and it amounts to 2990000 MVESTS
We have 210M STEEM powered up of which at least 90M STEEM have not voted for witnesses. That leaves approx. 120M STEEM.
Do you really think 120M STEEM could distribute +3000000 MVESTS if my logic was incorrect?
Your MVESTS are not split up across all witnesses you voted for, every witness gets the full amount.
I did not mean that the votes were at anything less than 100%. I meant that we are spreading out votes over 125 or 150 witnesses.
What you say is a mathematical possibility.
There are 210 M SP which equates to MVests.
Here are your numbers from your post:
steemit 29M Steem = 57238 MVESTS
steem 11.6M Steem = 22895 MVESTS
misterdelegation 19.3M Steem = 38092 MVESTS
That is 49.9 Million SP or 23.76% which means 76.24 is in the hands of the community. Thus, if 24% of the community voted for Yabapmatt, as an example, that would put Matt in no matter what Justin did.
Steemit, Inc, did not have 50.1% of all the SP out there which is what is required to have an unhindered full majority and do whatever he wants.
Posted via Steemleo